PETER SCHIFF

PETER SCHIFF

Friday, June 12, 2009

The Collapse of the Dollar is Inevitable

Do we live on a bubble? Is it possible for the heavily indebted American economy to collapse and take all of us down in a free fall with it? Have the days of the dollar been counted? Is it really unimaginable that we will see the time of the Great Depression repeating itself?
VPRO Backlight and Dutch national newspaper NRC Handelsblad present this 'what if' scenario. What if the dollar collapses? Fiction meets facts in this 24 hour scenario. At 9AM a Singapore trader is ordered to sell a large amount of dollars, which sends off the enormous downfall of the dollar. This film shows the results for the world economy every following hour. It ends in Amsterdam, where the only currency accepted by a taxi driver is sigarettes...

History seems to have caught up with this 2005 film, though in slow-motion...
Includes interview with analist Stephen Roach, Andy Xie, Maarten Schinkel, Cees Maas, Rob de Wijk and Kees Vendrik.

Bank of Japan confident in the U.S. dollar ?! by Peter Schiff

Peter Schiff Report Video Blog June 12th 2009 the dollar rallied a bit today , the bank of Japan has complete confidence in dollar , the US dollar reserve status is unshakable , they must be kidding , , it is probably a favor asked to the Japanese by some American politician ...there is no strong dollar policy ..we have a weak dollar policy what have we done to install confidence ? they also say that they have complete confidence in US treasury bonds ...this is madness ! this is probably a pure show the japanese are not fools , probably the japs are doing "pump and dump" that's waving a flag to the speculators , based on the fiscal and monetary policy we are pursuing the dollar will go as low as 50 yens ,,that's self serving coming from one of our major creditors , the statement was so powerfull and so positive that it must be FAKE ...foreign stock markets in general performed better than our ...




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